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Tuesday, August 10, 2010

Will an Indian Billionaire Take the Pledge? - The Wealth Report - WSJ

Will an Indian Billionaire Take the Pledge? - The Wealth Report - WSJ: "A March 2010 study by Bain & Company found that Indians collectively donate 0.6% of their country’s GDP to charity. While higher than other emerging markets like Brazil (0.3%) and China (0.1%), the amount of collective donation still pales in comparison to Western nations like Canada (1.3%) and the U.S. (2.2%).

Just 10% of charitable giving in India comes from individuals or companies, compared to 75% in the U.S., the Bain & Co. study reported. India’s biggest donor: the government."